Exchange prices for wheat turned to the top

2021-07-29 12:58:33
Machine translation
Exchange prices for wheat turned to the top

Yesterday, wheat quotes on world stock exchanges grew on data on low spring wheat yields in the United States and precipitation forecasts in Europe, which will delay harvesting.


September soft wheat futures in Chicago after a 4-day drop yesterday turned to the top on crop-tour data for North Dakota, where the yield of spring wheat is 32% lower than the 5-year average. The first day of surveys showed a yield of 2 t/ha compared to 3.07 t/ha in 2019.


According to forecasts, in the next 5 days, the drought in the regions growing spring wheat in the United States will increase, and there will be no significant precipitation.


Traders ' attention is focused on Brazil, where frosts are expected in the south and Southeast, which can damage wheat and corn crops.


September US futures rose:

  • by 5 5.23 / ton to Чикаго 253.07/ton for soft winter SRW wheat in Chicago,
  • by 6 6.61 / ton to H 242.32/ton for hard winter HRW wheat in Kansas City,
  • by 9 9.37 / ton to.322.70 / ton for hard spring HRS wheat in Minneapolis.


Weather factors also affect European stock exchanges. Rain, which is expected in the north of France, Germany and the Baltic States, is undesirable during this period, as it can worsen the quality of grain. In addition, the pace of harvesting is already significantly lower than last year.


  • September wheat flour futures for MATIF rose by €4.25/ton to €216.25/ton or € 255.36 / ton.


Black Sea wheat futures also rose sharply on the Chicago Stock Exchange yesterday:

  • August-by 5 5.5 / ton to 2 254.5 / ton,
  • December-by 6 6/ton to.270 / ton.


In Russia, as of July 28, 39.2 million tons of wheat were threshed from 11.3 million hectares with a yield of 3.46 t/ha (3.57 t/ha in 2020).


SovEcon experts lowered their forecast for wheat exports from Russia by 1.3 million tons to 37.1 million tons due to low export rates at the beginning of the season and a possible decrease in the harvest.


In Ukraine, dry and warm weather allowed to accelerate wheat harvesting, but in the central regions there is a low nature against the background of high protein levels, and some of the grain, especially in small farmers, is damaged by Fusarium and horns.


In Ukrainian ports, purchase prices for food wheat increased by 50-100 UAH/ton to 6750-6850 UAH/ton or 2 218-222/ton, and for feed wheat – by 50 UAH/ton to 6500-6550 UAH/ton.

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